by admin When you’re looking to buy or sell real estate, it’s important to consider the following:
-Easy availability: You want to make sure that you have access to the property you’re looking for, but also that it is available. This can be complicated in times of high demand, so make sure you plan ahead!
-Multi-purpose: What else can you do with this property? Is it just for rent? Or could it be converted into a home? You need to think about how much money it will cost you and how much time it will take before you can use it.
-Fast loan processing: It’s important that you get your loan fast because if there are any delays, they’ll affect your credit score and may even result in higher interest rates.
-Lower interest rate: The lower the rate on your loan is, the less money you’ll have to pay back over time. Of course, this depends on other factors too—like having good credit scores—so make sure not to take any shortcuts like putting less than 20% down or getting a cash out refinance.
A long-term lease is the best way to ensure that a property is rented out for a long time.
Tax benefits are one of the most important reasons to lease your property instead of selling it.
Leasing allows you to take advantage of tax breaks that are not available if you sell your property.
If you sell your property, any gains will be taxable in your own name as well as on any capital gains taxes owed by the seller. The IRS considers income earned through leasing as income from passive sources (that is, sources that don’t involve work). This means that if you have taxable income from other sources, such as dividends or interest payments, those can offset some or all of what would otherwise be taxable gains on the sale of real estate.
